(Reuters) -Videogame retailer GameStop stated on Tuesday it had reduce an unspecified variety of jobs to scale back prices and reported decrease fourth-quarter income amid rising competitors from e-commerce companies and weak shopper spending in an unsure financial system.Shares of the Grapevine, Texas-based firm tumbled 15% in prolonged commerce after the outcomes.U.S. videogame publishers Take-Two Interactive Software program and Digital Arts additionally delivered lackluster earnings final month because the gaming trade faces stress from excessive borrowing prices, sticky inflation and a slowdown in demand from pandemic peaks.GameStop posted income of $1.79 billion for the fourth quarter, in contrast with $2.23 billion a 12 months earlier.The videogame retailer’s latest cost-reduction measures additionally included an exit from its operations in Eire, Switzerland and Austria.On an adjusted foundation, the corporate reported fourth-quarter earnings per share of twenty-two cents, in contrast with 16 cents a 12 months earlier.GameStop has additionally been grappling with the continued shift to digital gross sales of video video games and competitors from on-line retailers resembling Amazon.com and Ebay.(Reporting by Harshita Mary Varghese and Priyanka.G in Bengaluru; Modifying by Devika Syamnath)